According to a
new market report published by Transparency Market Research “Surface Vision and Inspection Market – Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019” the global
market is expected to reach a value of USD 2.31 billion by 2019, at a
CAGR of 8.9% from 2013 to 2019.

Due to
increasing need of improving manufacturing production capacity and
growing demand for international quality products from consumers, the
demand for these systems is rising globally. In addition, shortage of
skilled workers, increasing wages and manufacturing errors increases
economic burdens on manufacturers. Owing to these, the global
manufacturers are seeking for automated process utilization and
quality management solutions to improve their sustainability in
competitive environments. It also drastically reduces manufacturing
errors and helps manufacturer to maintain consistent quality of
product. In addition, it reduces production wastage and number of
labors required in case of manual inspection. These are some factors
which are expected to increase the demand of this market.

By components,
surface vision and inspection cameras (SVIC) accounted for largest
revenue share of 48.1% of the overall components market in 2012.
Continuous advancement in micro-chips used in camera systems helps
camera manufacturers to produce more smaller, reliable and cheaper
cameras. In the last two decades manufacturers has shifted towards
digital and smart cameras as they are more reliable and efficient
than analog cameras. These advanced cameras provide better
productivity and cost cut backs to manufacturers. Software and
hardware components are expected to see the fastest growth due to
growing demand for sophisticated software solutions that improves
integration of surface vision and inspection systems with other
factory automation products.

By type,
computer based systems accounted for the largest revenue share of the
overall surface vision and inspection market. These are cable of
handling more complex operations at greater speed. In addition, these
systems can be easily upgraded with advanced software and hardware as
per requirements. This makes a computer based systems more
customizable and preferred by many manufacturers over camera systems.
However, demand of smart camera based systems is increasing among
small and medium size manufacturers as it is cheaper and easily
integrated with existing manufacturing facility. Moreover, camera
based systems is expected to see the fastest growth with continuous
development in smart cameras to handle complex applications.

While in case
of application, semiconductor, automotive, electronics and electrical
industries accounted for more than 60% of the overall surface vision
and inspection market in 2012. Due to minute and ever needing testing
applications of chips and fabricated systems, semiconductor
manufacturing industry is expected to remain the largest end-use
segment for surface vision and inspection systems. However, Demand of
these systems is expected to increase rapidly in pharmaceutical,
packaging and food industry. This is due to introduction of stricter
manufacturing and inspection regulations globally.

By Geography,
Asia-Pacific (APAC) accounted for 32.3% of the overall revenue share
in 2012. This region is expected to maintain its dominating market
share throughout the forecast period. This is due to estimated market
of growing factory automation and other advanced automation
industries in India, China, Taiwan, Australia, Thailand and many
other emerging countries in this region.

Global surface
vision and inspection industry comprises of large numbers of
multinational and domestic components and end use product suppliers.
The global surface vision and inspection industry is dominated by
Cognex and accounted for 14.5% of the market share in 2012. Some
other leading players in this industry include ISRA VISION, Edmund
Inc, Adept Technology Inc, Edmund Optics Inc, Toshiba Teli Corp,
Panasonic Corp, Matrox Imaging, Perceptron Inc and others.

The global
surface vision and inspection market is segmented as below:

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